Amendment of section 80R
Section 27 of the Finance Act, 1990 deals with amendment of section 80R. Amendment of section 80R 27. In section 80R of the Income-tax Act, with effect from the 1st day of April, 1991,— (a) for 'the words "allowed a deduction from such remuneration of an amount equal to fifty per cent.
Amendment of section 80R
27. In section 80R of the Income-tax Act, with effect from the 1st day of April, 1991,—
(a) for 'the words "allowed a deduction from such remuneration of an amount equal to fifty per cent. thereof, in computing the total income of the individual:", the words and figures "allowed, in computing the total income of the individual, a deduction from such renumeration of an amount equal to,—
(i) fifty per cent. of the remuneration; or
(ii) seventy-five per cent. of such remuneration as is brought into India by, or on behalf of, the assessee in accordance with the Foreign Exchange Regulation Act, 1973, and any rules made 46 of 1973 thereunder,
'whichever is higher" shall be substituted;
(b) the proviso shall be omitted.
[Finance Act, 1990]
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Section 27, The Finance Act, 1990 (Act 12 of 1990).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 27
What does Section 27 of the Finance Act deal with?
Section 27 of the Finance Act is headed "Amendment of section 80R". Amendment of section 80R 27. In section 80R of the Income-tax Act, with effect from the 1st day of April, 1991,— (a) for 'the words "allowed a deduction from such remuneration of an amount equal to fifty per cent.
How do I find court cases under Section 27 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1990 27, section 27 Finance Act 1990, section 27 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 27 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 80R (Deduction in respect of remuneration from certain foreign sources in the case of professors, teachers, etc), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 1990 as Act 12 of 1990. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule7036 words
- 30. Amendment of Chapter VIII3504 words
- 2. Income-tax2182 words
- 10. Substitution of new section for section 33AB1340 words
- 26. Substitution of new section for section 80M446 words
- 54. Amendment of section 16432 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.